Good Credit?

Enough of the "sub-prime" stuff. Do you have good credit? I mean above a 700 FICO. If so, this is the time for you to do some serious looking for your new digs! With the way the market is, and interest rates still at a major low rate, this may ultimately the time to take the plunge and either upgrade the hacienda or invest in some income producing property.

I am not a tax advisor, I have mentioned this before, and I would always suggest that if you are even thinking of investing, think also about talking to a tax advisor. NO not an enrolled agent, HnR Blockheads or the like, but a CPA! YES, a CPA! Yes it will cost you more money but they will be worth every penny you spend, just ask me, I've had a CPA do my taxes every year now for over 15 years and I have never been sorry (or audited.)

Now that you have decided that either the upgrade or the investment is the way you will go, take the time to investigate lenders and their products (yes, the're called products.) Each lender will offer a little, sometimes a lot, variation of "here's the money, now pay me back." Each can be considered a variation of a similar tool (see previous blog entry.) Each with there own advantages and dis-advantages. Consider each carefully before getting serious about one.

Take this information to your local Realtor (R), that would be me of course if you live in the Palmdale/Lancaster area, so that he (in this case) can do an intelligent search of the properties that are available that fit your motives for investing or moving up.

The rest of the process will take it's course, and soon you'll begin to look like the Donald! With better hair I hope.

Don